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MondayAug 24, 2009 10:51 am

Insight Management Corp. (ISIM.OB) Stays the Course to Meet its Growth Objectives

Insight Management Corp. today gave investors additional details regarding its near-term growth strategy. Now that the company has established a solid foothold in the natural gas pipeline services industry, it anticipates meaningful growth through the acquisition of other complementary oil and gas enterprises that offer greater diversity in revenue streams. Insight Management is currently focused on finding suitable candidates in the $15 million to $25 million revenue range that will be accretive to the company's capital structure. Meanwhile, revenues of its wholly owned subsidiary, Rebel Testing, Inc. (RTI), are expected to grow organically as demand for natural gas pipeline and…

MondayAug 24, 2009 10:15 am

Omnicity Corp. (OMCY.OB) to Expand Its Rushville, Indiana Operations

Omnicity Corp. is a company based in Rushville, Indiana providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company plans to become a premier consolidator of rural market broadband nationwide. Omnicity currently provides broadband access to more than 30 rural Indiana counties. The company began delivering broadband services to rural Indiana markets in 2003. They partner with local governments and rural electric cooperatives to bring broadband access to nearly 6,000 subscribers across the state. Omnicity recently announced that it would expand its operations in Rushville, Indiana and add approximately…

MondayAug 24, 2009 10:14 am

SkyPostal Networks, Inc. (SKPN.OB) Enters Into Major Co-Marketing Partnership

SkyPostal Networks, Inc., a young company that has been gaining national recognition as the world’s largest private postal network in Latin America, today announced that it has entered into a co-marketing agreement for its PuntoMio online shopping facilitator with the Brazilian Bank; Banco Itaucard. Banco Itaucard is controlled by Itau Unibancob which is one of the largest financial conglomerates in Latin America and one of the 15 largest in the world in terms of market capitalization. PuntoMio provides Itaucard customers with the easiest and most secure way to shop from the U.S., by merging the convenience of comparison shopping through…

MondayAug 24, 2009 8:22 am

General Environmental Management, Inc. (GEVI.OB) Strategically Sells GEM MTS; Strengthens Balance Sheet

General Environmental Management, Inc., a leading environmental and waste remediation company, announced this morning that it has sold the stock of its GEM Mobile Treatment Services, Inc. (GEM MTS) unit to MTS Acquisition Company, Inc. According to the press release, GEM MTS will function independently with a seamless transitory period. In exchange, GEM received promissory notes in the aggregate amount of $5.6 million, the assumption by GEM MTS of approximately $1.0 million of accounts payable as well as future royalties. In an effort to reduce liabilities and thus strengthen the balance sheet, the company has immediately assigned the consideration to…

MondayAug 24, 2009 8:15 am

Data Call Technologies, Inc. (DCLT.OB) Now Offering Complete Weather Coverage to 215 Countries

Data Call Technologies, Inc. announced today that it has finalized agreements and development initiatives to provide global meteorological conditions, Doppler radar images, and weather forecasts. According to the press release, the company has already begun marketing these products to entities outside the U.S. Jim Tevis, Data Call’s Chief Technology Officer, commented, “Many of our U.S. clients are beginning to deploy digital signage networks in markets outside the United States. As such, requests for global additions to the Direct Lynk product line have become more and more frequent. With weather content topping the request list, we completed the development of that…

MondayAug 24, 2009 8:05 am

Profit From Dwindling Oil Supplies

The world may be headed for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production. The scenario may come true according to Dr. Fatih Birol, the chief energy economist at the respected International Energy Agency (IEA). The IEA is charged with the task of assessing future global energy supplies by countries of the OECD – Organization for Economic Cooperation and Development. Recently, the IEA conducted the first-ever assessment of the world's major 800 oil fields, which cover three quarters of global reserves. The…

MondayAug 24, 2009 7:53 am

S2C Global Systems, Inc. (STWG.OB) Enters into Discussions with Government Officials in Mexico City and Southern California to Supplement Fresh Water Supply

S2C Global Systems, Inc., an exporter of natural bulk water and supplier of water distribution technologies, recently announced that the company has entered into discussions with government officials in Mexico City and the Municipal District of Southern California to supplement their fresh water supply. The current water shortages in Los Angeles and Mexico City threaten approximately 40 million people. S2C’s primary focus is Alaska Resource Management, LLC, a partnership with True Alaska Bottling, to export of billions of gallons of water globally from the water sheds of Baranof Island, Alaska. S2C’s chief executive officer, Alejandro Bautista, has been invited along…

MondayAug 24, 2009 7:48 am

Kraig Biocraft Laboratories, Inc. (KBLB.OB) Continues To Grow Its Intellectual Property Portfolio

Kraig Biocraft Laboratories, Inc., the Michigan-based company using genetic engineering to allow silkworms to produce spider silk, is making use of some of the most advanced insect-related genetic engineering techniques known. Scientists have already produced the first transgenic silkworms, and other scientists have discovered the sequence of genes used by spiders to produce silk. The brilliance of Kraig’s approach is the bringing together of researchers from both of these fields in a collaborative effort to produce commercially viable quantities of spider silk. Kraig Biocraft has acquired the exclusive rights in this field to the genetic sequences patented by the University…

MondayAug 24, 2009 7:06 am

August 24th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: CUR, CVM, DKAM, ICLK, IMUC, IWEB, OMCM, ONEZ, SVUL, TAGS Markets managed to extend their run this week, hitting fresh highs for ‘09 despite coming under pressure from negative economic reports and a significant two week correction in Chinese equity markets. All told, the Dow ended up 2.0%, gaining 184 points to close at 9505, extending its yearly gains to 8.3%. The Nasdaq finished the week up 1.8%, closing back above 2000 at 2020, up 28.1% on the year, while the S&P 500 and Russell 2000 managed to post gains of 2.2%…

FridayAug 21, 2009 3:36 pm

HopFed Bancorp, Inc. (HFBC) Reports Second Quarter Income

HopFed Bancorp, Inc. reported net income of $854,000, or $0.24 per share for its second fiscal quarter ending 6/30/09. Both these measures were down year over year from the same quarter of 2008. The company ended the quarter with a tangible book value of $15.30 per share, compared to its latest closing price of $10.22 per share. The bank has fairly conservative underwriting standards and reported non-performing loans as a percent of total loans of 1.26%. HopFed Bancorp, Inc. also reported solid capital ratios, which should see it through the balance of the economic contraction. The bank has a Tier…

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